Instructions For Schedule K-1 (Form 1041) - 2016 Page 3

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and the qualifying advanced energy
Box 14—Other Information
Code A. Credit for estimated taxes.
project credit. The fiduciary must provide
The beneficiary treats this amount as a
Code C. Qualified production
you with a statement that shows the
payment of estimated tax. To figure any
activities income. If any of the income is
information you will need and where to
underpayment and penalty on Form 2210,
oil-related qualified production activities
report it on Form 3468 so that you can
Underpayment of Estimated Tax by
income, the fiduciary must give you a
figure the amount of the previously listed
Individuals, Estates, and Trusts, treat the
statement that shows the amount. Enter
credits that you may claim.
amount entered in box 13, code A, as an
the oil-related amount on Form 8903,
estimated tax payment made on January
Code H. Biofuel producer credit. See
Domestic Production Activities Deduction,
17, 2017.
the Instructions for Form 6478 for more
line 7, col. (a). Enter the amount from all
information. If your only source for the
activities on Form 8903, line 7, col. (b).
Note. Form 1041-T, Allocation of
credit is a pass-through entity, such as an
Estimated Tax Payments to Beneficiaries,
Code F. Gross farming and fishing in-
estate or trust, you can report the amount
must be timely filed by the fiduciary for the
come. The amount of farming and fishing
on Form 3800, Part III, line 4c.
beneficiary to get the credit for an
income is included in box 6. This income
Code J. Renewable electricity, refined
estimated tax payment.
is separately stated to help determine if
coal, and Indian coal production cred-
you are subject to a penalty for
Code B. Credit for backup withholding.
it. The fiduciary must provide you with a
underpayment of estimated tax. Report
Include this amount on line 64 of your
statement showing the amount of credit to
the amount of gross farming and fishing
Form 1040 and attach a copy of
report on Form 8835, line 19 (including the
income on Schedule E (Form 1040),
Schedule K-1 (Form 1041) to your return.
allocation of the credit for production
Supplemental Income and Loss, line 42.
during the 4-year period beginning on the
Code C. Low-income housing credit.
Code H. Net investment income tax.
date the facility was placed in service and
The fiduciary will provide you with a
This amount is the beneficiary's
for production after that period). If your
statement showing the amount to report
adjustment for section 1411 net
only source for the credit is a pass-through
on lines 4 and 11 of Form 8586. If your
investment income or deductions. Enter
entity you can report the amount from
only source for the credit is a pass-through
this amount on Line 7 of Form 8960, as
line 19 directly on Form 3800, Part III, lines
entity, such as an estate or trust, you can
applicable. See the Instructions for Form
1f and 4e, as applicable. Otherwise,
report the amounts from lines 4 and 11 of
8960.
complete Form 8835 as directed.
Form 8586 directly on Form 3800, Part III,
lines 1d and 4d, respectively.
Code I. Other information. If this code is
Code O. Biodiesel and renewable die-
used, the fiduciary will provide you with
sel fuels credit. If this credit includes the
Code D. Rehabilitation credit and ener-
any additional information you may need
small agri-biodiesel producer credit, the
gy credit. The fiduciary must give you a
to file your return that isn't shown
fiduciary will provide additional information
statement that shows the information you
elsewhere on this Schedule K-1.
on an attached statement. If no statement
will need and where to enter it on Form
is attached, report this amount on line 9 of
3468, Investment Credit, so that you can
If you receive a statement regarding
Form 8864. If a statement is attached, see
figure the amount of any rehabilitation
the splitting of foreign tax credits from the
the Instructions for Form 8864, line 11.
credit and energy credit that you may
income to which it relates, section 909
may prevent you from deducting the
claim.
Code R. Recapture of credits. If you are
foreign tax credit until the related foreign
required to recapture any credits, the
Code E. Other qualifying investment
income is taken into account. See Form
fiduciary will provide a statement with the
credit. This code is used to report the
1116, Foreign Tax Credit, and Pub. 514,
information you need to figure your credit
qualified investment for figuring the
Foreign Tax Credit for Individuals, for
recapture.
qualifying advanced coal project credit,
more information.
the qualifying gasification project credit,
2016 Instructions for Schedule K-1 (Form 1041)
-3-

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